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John M. McNamara (born 1940) [1] [2] is an American former businessman who was convicted of a Ponzi scheme fraud through gaining loans to a value of $6 billion from General Motors financing arm GMAC, to develop a $400M car sales and property development business.
Here's a real-life scam that a lawyer tried on one family and how you can avoid falling into this trap that could cost you a pretty penny. If something seems too good to be true, it probably is ...
The General Motors streetcar conspiracy refers to the convictions of General Motors (GM) and related companies that were involved in the monopolizing of the sale of buses and supplies to National City Lines (NCL) and subsidiaries, as well as to the allegations that the defendants conspired to own or control transit systems, in violation of Section 1 of the Sherman Antitrust Act.
The victim is guaranteed a certain income, benefits or employment. To get this they first have to buy something like a business plan, start-up materials, or software. They may be asked to pay to be put on a directory to "guarantee" jobs. [9] This is merely a way to get the victim to spend money – no job awaits.
Scammers can use your email to target you directly. And, unfortunately, plenty of email phishing scams today are more sophisticated than the older varieties that would directly ask for your ...
Read more on General Motors and sign up for our autos newsletter. Become a subscriber. This article originally appeared on Detroit Free Press: GM's nonunion workforce to get raises, increased benefits
Nader v. General Motors Corp. (25 N.Y. 2d 560, 1970) was a court case in which author and automobile safety lecturer Ralph Nader claimed that General Motors had "conduct[ed] a campaign of intimidation against him in order to 'suppress plaintiff's criticism of and prevent his disclosure of information' about its products" regarding his book Unsafe at Any Speed.
GM declined to disclose the entire number of layoffs, but a source familiar with the action confirmed more than 1,000 salaried employees would be laid off, including 600 in Warren, Michigan ...